Wednesday, August 30, 2023

Debt Should be Illegal

(Image created by A.I. DALL-E/Bing)

It's illegal in Canada to own slaves but it's not illegal for financial institutions to own someone else's finances. The difference between a slave and someone in debt is that the person in debt has a "choice". However what choice is there really for someone making 30k a year when a decent house cost 3-5 times more? What choice does someone have when the average car is also 30k? What choice does someone have when the average college/university degree is 100k?

Debt is no longer a choice...

Maybe at one point debt was a choice but we it can't really be considered as one anymore. We don't realize how bad the economy is because part of it is covered up by debt and makes it look better on the surface than it actually is. As long as we can maintain the illusion then all is good right?

No - all is not good... When my dad was in his 20s, he bought a brand new car for 3k and a bag of chips was 5cents. He built a family home for roughly 45k...
Folks there's a problem here and the solution isn't to "raise minimum wage". Every middle class employee in the world needs to make payments on their government's debt. Can the Canadian Government really offer "free" Ambulance service when each Canadian ow roughly 60k towards the Government's debt?

We need cutbacks, we need a government that says "no", we need debt to be restricted or downright illegal... we'll never see something like this because political parties want to buy votes and you can't "buy" votes by removing something. 
Debt will never be made illegal because some people are making money off of it. Nobody owns slaves but who ever owns someone's debt can still exercise a degree of control over them.

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